9804 Federal Register / Vol. 73, No. 36 / Friday, February 22, 2008 / Notices 

Counties, HI; Anchorage and Southeast 

Fairbanks Boroughs, AK; El Paso, 

Pueblo, and Fremont Counties, CO, Wait 

Period Ends: 03/24/2008, Contact: 

Michael Ackerman 410–436–2522. 

EIS No. 20080063, Draft Supplement, 

USN, HI, Hawaii Range Complex (HRC) 

Project, Additional Information, To 

Support and Maintain Navy Pacific 

Fleet Training, and Research, 

Development, Test, and Evaluation 

(RDT&E) Operations, Kauai, Honolulu, 

Maui and Hawaii Counties, HI, 

Comment Period Ends: 04/07/2008, 

Contact: Tom Clements 866–767–3347. 

EIS No. 20080064, Final EIS, BIA, NY, 

Oneida Nation of New York Conveyance 

of Lands into Trust, Proposes to 

Transfer 17,370 Acre of Fee Land into 

Federal Trust Status, Oneida, Madison 

and New York Counties, NY , Wait 

Period Ends: 03/24/2008, Contact: Kurt 

G. Chandler 615–564–6832. 

Amended Notices 

EIS No. 20080021, Draft EIS, SFW, 

AK, Yukon Flats National Wildlife 

Refuge Project, Proposed Federal and 

Public Land Exchange, Right-of-Way 

Grant, Anchorage, AK, Comment Period 

Ends: 03/25/2008, Contact: Cyndie 

Wolfe 907–786–3463. 

Revision of FR Notice Published 01/ 

25/2008: Extending Comment Period 

from 03/11/2008 to 03/25/2008. 

EIS No. 20080051, Final EIS, AFS, 

MT, Beaverhead-Deerlodge National 

Forest Draft Revised Land and Resource 

Management Plan, Implementation, 

Beaverhead, Butte-Silver Bow, 

Deerlodge, Granite, Jefferson, Madison 

Counties, MT, Comment Period Ends: 

03/31/2008, Contact: Leaf Magnuson 

406–683–3950. 

Revision to FR Notice Published 02/ 

15/2008: Change the Wait Period Ends 

from 03/17/2008 to Comment Period 

Ends 03/31/2008. 

Dated: February 19, 2008. 

Ken Mittelholtz, 

Environmental Protection Specialist, Office 

of Federal Activities. 

[FR Doc. E8–3423 Filed 2–21–08; 8:45 am] 

BILLING CODE 6560–50–P 

FARM CREDIT ADMINISTRATION 

[BM–14–FEB–08–02] 

Consideration and Referral of 

Supervisory Strategies and 

Enforcement Actions 

AGENCY: Farm Credit Administration. 

ACTION: Policy statement. 

SUMMARY: The Farm Credit 

Administration (FCA or Agency) Board 

recently adopted a policy statement that 

identifies conditions that warrant 

referrals to the Agency’s Regulatory 

Enforcement Committee (REC) to 

consider appropriate supervisory 

strategies and recommend to the FCA 

Board the use of the enforcement 

authorities conferred on the Agency 

under part C, title V of the Farm Credit 

Act of 1971, as amended, or other 

statutes. 

DATES: Effective Date: February 14, 

2008. 

FOR FURTHER INFORMATION CONTACT: 

Roger Paulsen, Office of Examination, 

Farm Credit Administration, McLean, 

VA 22102–5090, (703) 883–4265, TTY 

(703) 883–4483, 

or 

Jane Virga, Senior Counsel, Office of 

General Counsel, Farm Credit 

Administration, McLean, VA 22102–

5090, (703) 883–4020, TTY (703) 883–

4020. 

SUPPLEMENTARY INFORMATION: The FCA 

Board adopted a policy statement 

identifying conditions that require 

referrals to the Agency’s Regulatory 

Enforcement Committee. The policy 

statement, in its entirety, follows: 

Consideration and Referral of 

Supervisory Strategies and Enforcement 

Actions 

FCA–PS–79 [BM–14–FEB–08–02] 

Effective Date: February 14, 2008. 

Effect on Previous Action: None. 

Source of Authority: Sections 5.19, 

5.25–5.35 of the Farm Credit Act of 

1971, as amended. 

The FCA Board Hereby Adopts the 

Following Policy Statement: 

The Farm Credit Administration (FCA 

or Agency) Board provides for the 

regulation and examination of Farm 

Credit System (System or FCS) 

institutions, which includes the Federal 

Agricultural Mortgage Corporation 

(Farmer Mac), in accordance with the 

Farm Credit Act of 1971, as amended 

(the ‘‘Act’’). This policy addresses 

conditions that warrant referrals to the 

Agency’s Regulatory Enforcement 

Committee (REC) to consider 

appropriate supervisory strategies and 

recommend to the FCA Board the use of 

the enforcement authorities conferred 

on the Agency under Part C, Title V of 

the Act or other statutes. Enforcement 

actions include formal agreements, 

orders to cease and desist, temporary 

orders to cease and desist, civil money 

penalties, suspensions or removals of 

directors or officers, and conditions 

imposed in writing to address unsafe or 

unsound practices or violations of law, 

rule or regulation (Enforcement 

Document). Taking these actions, in an 

appropriate and timely manner, is 

critical to maintaining shareholder, 

investor, and public confidence in the 

financial strength and future viability of 

the System. 

This policy provides only internal 

FCA guidance. It is not intended to 

create any rights, substantive or 

procedural, enforceable at law or in any 

administrative proceeding. 

Composition of the REC 

The Chairman of the FCA Board will 

designate the office directors of the 

Office of Examination, Office of General 

Counsel, and Office of Regulatory 

Policy, or the directors of successor 

offices, as voting members of the REC. 

A representative from the Farm Credit 

System Insurance Corporation will be 

invited to participate in REC activities 

as a non-voting member. The Chairman 

of the FCA Board will also designate 

one of the voting REC members as 

Chairman of the REC. 

Due to the statutory independence of 

the Office of Secondary Market 

Oversight (OSMO), there will be 

different REC membership when 

considering issues related to Farmer 

Mac. 

Referrals to the REC 

Recommended supervisory strategies 

or enforcement actions concerning an 

FCS institution or person will be 

referred to the REC when any of the 

conditions exist, as specified below, or 

when a specified condition does not 

exist, but consideration of an 

enforcement action or review by the 

REC is appropriate. The REC will review 

the proposed actions and draft 

enforcement documents and assess the 

recommendations for pursuing any such 

actions. The REC may revise the 

recommendations and will document its 

concurrence or nonconcurrence with 

the supervisory strategy or enforcement 

action. 

Conditions Warranting Referral to the 

REC 

Any one of the following conditions 

requires a referral to the REC for its 

consideration of supervisory strategies 

or enforcement actions. 

1. A ‘‘4’’ or ‘‘5’’ composite FIRS rating 

is assigned to an FCS institution; 

2. The institution or person is deemed 

unable or unwilling to address a 

material: (a) Unsafe or unsound 

condition or practice; or (b) violation or 

ongoing violation of law or regulation; 

3. The institution or person is about 

to engage in a material unsafe or 

unsound practice or is about to commit 

a willful or material violation of law or 

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Federal Register / Vol. 73, No. 36 / Friday, February 22, 2008 / Notices 9805 

regulation that exposes the institution to 

significant risk; 

4. Conditions meet the statutory 

criteria for a suspension or removal; 

5. Conditions meet the statutory 

criteria for assessing a civil money 

penalty and the factors to be considered 

in determining the amount of a civil 

money penalty justify the imposition of 

the penalty; 

6. Conditions meet the statutory 

criteria to place an FCS institution in 

conservatorship or receivership; 

7. An institution or person fails to 

comply with an Enforcement Document 

or is unwilling or unable to address a 

violation of a condition imposed in 

writing; or 

8. Conditions justify termination or 

modification of an existing Enforcement 

Document. 

As appropriate, referrals for the REC’s 

consideration also may be made for 

conditions not specified above. 

Notification of the REC 

The REC will be notified when any 

institution is assigned a ‘‘3’’ composite 

FIRS rating and informed of the 

Agency’s supervisory strategies. 

Consultation with the REC 

For institutions under a formal 

Enforcement Document, or assigned a 

composite FIRS rating of ‘‘4’’ or ‘‘5’’, 

requests for prior approvals, or other 

actions, will be referred to the REC for 

consultation. 

Referral to the FCA Board 

The REC will refer to the FCA Board 

for its consideration all 

recommendations concurred with by the 

REC for the placement of an 

Enforcement Document on a FCS 

institution or person. In the unlikely 

instance, when an institution receives a 

composite ‘‘4’’ or ‘‘5’’ FIRS rating and a 

formal Enforcement Document is not 

recommended to the FCA Board, the 

REC will promptly document and report 

the Agency’s supervisory strategy to the 

FCA Board. 

Reporting to the FCA Board 

The REC Chairman will report at least 

quarterly to the FCA Board if matters are 

referred to or reviewed by the REC, but 

FCA Board action is not subsequently 

requested. 

Actions by the REC 

The REC will develop procedures to 

address the responsibilities outlined 

herein. 

Due to OSMO’s statutory 

independence, the Director of OSMO 

will develop procedures for actions 

affecting Farmer Mac. 

Dated this 14th day of February, 2008 

by order of the Board. 

Dated: February 19, 2008. 

Roland E. Smith, 

Secretary, Farm Credit Administration Board. 

[FR Doc. 08–821 Filed 2–21–08; 8:45am] 

BILLING CODE 6705–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

SUMMARY: 

Background 

Notice is hereby given of the final 

approval of proposed information 

collections by the Board of Governors of 

the Federal Reserve System (Board) 

under OMB delegated authority, as per 

5 CFR 1320.16 (OMB Regulations on 

Controlling Paperwork Burdens on the 

Public). Board-approved collections of 

information are incorporated into the 

official OMB inventory of currently 

approved collections of information. 

Copies of the Paperwork Reduction Act 

Submission, supporting statements and 

approved collection of information 

instrument(s) are placed into OMB’s 

public docket files. The Federal Reserve 

may not conduct or sponsor, and the 

respondent is not required to respond 

to, an information collection that has 

been extended, revised, or implemented 

on or after October 1, 1995, unless it 

displays a currently valid OMB control 

number. 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Michelle Shore—Division of 

Research and Statistics, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551 (202–

452–3829). 

OMB Desk Officer—Alexander T. 

Hunt—Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503. 

Final approval under OMB delegated 

authority of the extension for three 

years, with revision, of the following 

report: 

Report title: Application for 

Employment with the Board of 

Governors of the Federal Reserve 

System. 

Agency form number: FR 28, FR 28s, 

FR 28i. 

OMB Control number: 7100–0181. 

Frequency: On occasion. 

Reporters: Employment applicants. 

Annual reporting hours: 3,558 hours. 

Estimated average hours per response: 

FR 28: 1 hour; FR 28s: 1 minute; FR 28i: 

5 minutes. 

Number of respondents: FR 28: 3,500; 

FR 28s: 2,000; FR 28i: 300. 

General description of report: This 

information collection is required to 

obtain a benefit (sections 10(4) and 11(1) 

of the Federal Reserve Act (12 U.S.C. 

244 and 248(1)). Information provided 

will be kept confidential under 

exemption (b)(6) of the Freedom of 

Information Act (FOIA) to the extent 

that the disclosure of information 

‘‘would constitute a clearly unwarranted 

invasion of personal privacy.’’ 5 U.S.C. 

552(b)(6). 

Abstract: The Application collects 

information to determine the 

qualifications and availability of 

applicants for employment with the 

Board. The Application collections 

information on education and training, 

employment record, military service 

record, and other information since the 

time the applicant left high school. 

Current Actions: On December 10, 

2007, the Federal Reserve published a 

notice in the Federal Register (72 FR 

69688) requesting public comment for 

60 days on the extension, with revision, 

of the FR 28, FR 28s, and FR 28i. The 

comment period for this notice expired 

on February 8, 2008. The Federal 

Reserve did not receive any comments. 

Final approval under OMB delegated 

authority of the extension for three 

years, without revision, of the following 

report: 

Report title: Recordkeeping 

Requirements Associated with the Real 

Estate Lending Standards Regulation for 

State Member Banks. 

Agency form number: Reg H–5. 

OMB control number: 7100–0261. 

Frequency: Aggregate report, 

quarterly; policy statement, annually. 

Reporters: State member banks. 

Annual reporting hours: 17,960 hours. 

Estimated average hours per response: 

Aggregate report: 5 hours; Policy 

statement: 20 hours. 

Number of respondents: Aggregate 

report: 888; Policy statement: 10. 

General description of report: This 

information collection is mandatory (12 

U.S.C. 1828(o)) and is not given 

confidential treatment. However, 

information gathered by the Federal 

Reserve during examinations of state 

member banks would be deemed 

exempt from Freedom of Information 

Act (FOIA) disclosure by exemption 8 of 

FOIA. 5 U.S.C. 552(b)(8). 

Abstract: State member banks must 

adopt and maintain a written real estate 

lending policy. Also, banks must 

identify their loans in excess of the 

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